SINGAPORE (Oct 19): China Environment announced that wholly-owned subsidiary, Fujian Dongyuan Environmental Protection Co., has received a letter of demand dated Oct 12 from the Bank of China claiming the repayment of RMB56.1 million ($11.5 million) in overdue interest and loan principal for a working capital loan.

China Environment said notice was given in the letter of demand that the bank expects the company to repay the overdue interest and loan principal upon receipt of the letter.

Anhui Dongyuan Environmental Protection Co., which acted as the corporate guarantor for the loan to Fujian Dongyuan, also received a notification letter from the bank reminding it on its legal obligations.

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